BT: $22-$24 (if we get it ) Pending how the shorts play this could bounce back quickly or slow bleed to cover, no need to catch a falling knife so hawk it if interested, tapes will tell a lot better story
Description: StoneCo Ltd . provides financial technology solutions that empower merchants and integrated partners to conduct electronic commerce across in-store, online, and mobile channels in Brazil. It distributes its solutions, principally through proprietary Stone Hubs, which offer hyper-local sales and services; and technology and solutions to digital merchants through sales and technical personnel and software vendors. As of June 30, 2018, the company served approximately 200,000 clients, which included digital, and brick-and-mortar merchants, primarily small-and-medium-sized businesses; and 95 integrated partners, such as global payment service providers, digital marketplaces, and integrated software vendors. The company was founded in 2012 and is headquartered in São Paulo, Brazil.
Short Percent of Float 20.46 %
Short % Increase / Decrease 3 %
Analyst Ratings: Stock Price Target STNE
April - 05 - 19 Downgrade Citigroup Buy - Neutral
March - 21 -19 Re iterated Morgan Stanley overweight $35 - $47
Jan 15 - 19 Initiated BofA/Merrill Buy $26
Nov 19 - 18 Initiated JP Morgan Neutral $25
Tapes last week: 3/5 buying started picking up near the end of the week but rather .
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